Artificial intelligence (AI) isn't just a trend that will disappear in the next few years. AI is fundamentally how we do business, and the impacts will be felt for decades to come. With that in mind, I think there are a few AI companies that I would feel confident buying and holding over the next decade, as they have sustainable trends that will continue pushing their stocks higher.

The three stocks that I'd buy and hold for the next decade that are slated to capitalize on AI are Amazon (AMZN 2.57%), Alphabet (GOOG 3.10%) (GOOGL 3.11%), and Taiwan Semiconductor (TSM 2.66%). This trio makes for an excellent group to buy now with the intention of not selling unless something fundamental changes.

Amazon and Alphabet

I believe in these two companies for one reason: Cloud computing. Cloud computing is one of the biggest beneficiaries of the AI arms race that isn't discussed enough. Not every company has the resources available to spend billions of dollars on a supercomputer for AI, but they still need access to the computing power that these servers can provide. To gain access to that power, companies rent it from cloud computing giants like Amazon Web Services (AWS) and Google Cloud.

By renting it, clients can easily scale up or down the amount of computing power needed and store the data on which they're training these AI models. With both Amazon and Alphabet giving clients access to cutting-edge GPUs and custom AI accelerators, they offer a significant value proposition to their customer base.

Furthermore, many companies still host many websites and store data on-site. As the need to replace outdated hardware arises, these workloads will likely continue to migrate to the cloud.

All of this adds up to a massive growth industry, which Amazon and Alphabet dominate. According to Fortune Business Insights, the cloud computing market is expected to expand from $676 billion in 2024 to $2.3 trillion by 2032. That's huge growth, and investors need to be aware of and consciously invested in it.

AWS and Google Cloud are currently the largest and third-largest operations in the cloud computing market, respectively. With this dominance level, they are well positioned to capitalize on future growth. During Q3, AWS' sales rose 19% year over year to $27.5 billion, and its operating income rose 50% year over year to $10.4 billion -- a 38% operating margin. Google Cloud also had a solid Q3, with revenue rising 35% year over year to $11.4 billion, posting an operating margin of 17%.

While these two divisions are just part of a larger entity, they make for compelling reasons to buy the stocks. Cloud computing is a massive trend that isn't going away, and investing in these two now is a great way to capitalize on that trend.

Taiwan Semiconductor

An investment in Taiwan Semiconductor is a clear bet that we'll use a great deal of technology and more advanced technology over the next decade. That seems like a no-brainer, which is why Taiwan Semiconductor is on this list.

Taiwan Semi is a chip foundry, which means it fabricates chips for clients who cannot do it themselves. This includes GPUs and CPUs that go into Amazon and Alphabet's cloud computing data centers and smartphones. If you have a high-tech device, chances are it's filled with chips that originated from Taiwan Semiconductor's factories.

Additionally, TSMC has always been at the forefront of launching new technologies. While it's currently producing 3nm (nanometer) chips, it's slated to launch 2nm chips by the end of the year and ramp up production next year. Beyond that, it's already preparing its A16 chip, which will be launched in the second half of 2026.

All of these advancements will help keep TSMC on top and further advance AI technology.

Over the next decade, we will need more chips to power all of the AI devices, and buying shares of Taiwan Semiconductor now is a surefire way to capitalize on AI growth.